MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-29-0012710
Smartpanel India Private Limited - manufacturing in Sangli, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹123.25 Cr
▲ 13% YoY
Net profit · FY 2025
₹56.13 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹3.83 Cr
EBITDA margin 3.1%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹27.87 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Employees · EPFO
25
Provident fund records
About Smartpanel India Private Limited
Data last updated:
Smartpanel India Private Limited is a private limited company based in Sangli, Maharashtra, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 20 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U20299PN2018PTC178953. Its GSTIN is 27ABACS8983N1ZF (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Ashok Narsibhai Patel and Bhaveshkumar Narshibhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sangli, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹123.25 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹56.13 Lakh (net margin 0.5%) and EBITDA of ₹3.83 Cr (EBITDA margin 3.1%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 463% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smartpanel India. As per MCA filings, the company has open charges of ₹27.87 Cr on record.
Smartpanel India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-29-0012710). For more details, the company can be reached via its website smartpanel.net.in.
Company details
CIN U20299PN2018PTC178953
Registration Number 178953
Incorporation Date 20 September 2018
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Medium
Udyam Registration UDYAM-MH-29-0012710
Key People
Ashok Narsibhai Patel Director Bhaveshkumar Narshibhai Patel Director Bharatkumar Narsibhai Patel Director Recognitions & Rankings of Smartpanel India
Contact details
Smartpanel India Private Limited's registered office is in Sangli, Maharashtra. Its website is smartpanel.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No 160 161 A/P Kanadwadi Miraj – Tasgaon Road Near Rex Polyextrusion Private Limited T, Al – Miraj, Sangli, Maharashtra, India – 416306
- IndustryManufacturing, Wood Products & MDF
To see the full contact details of Smartpanel India Private Limited, buy the company report.
Comprehensive company report
Smartpanel India Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Smartpanel India operates one associated brand: Smartpanel India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and wholesales particle boards for construction and interiors. | smartpanel.co.in |
Business activity
The main business activity of Smartpanel India is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Smartpanel India Private Limited, buy the company report.
Financials of Smartpanel India Private Limited
FY 2025 filings availableSmartpanel India Private Limited reported revenue of ₹123.25 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹123.25 Cr ▲ 13%
Net profit · FY 2025
₹56.13 Lakh margin 0.5%
EBITDA · FY 2025
₹3.83 Cr margin 3.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 32%
5 years · compounded
▲ 463%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▼ 34%
5 years · compounded
▲ 219%
Revenue has grown at a compounded annual rate (CAGR) of 463% over five years, including 13% growth in the latest year. EBITDA fell 8% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.83 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹56.13 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.1% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Smartpanel India Private Limited, buy the company report.
Board of directors of Smartpanel India Private Limited
Smartpanel India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Narsibhai Patel | Director | 13 Apr 2019 | 7 Years 6 Months | Current |
| Bhaveshkumar Narshibhai Patel | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
| Bharatkumar Narsibhai Patel | Director | 20 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Smartpanel India Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Amar Splints Private Limited | ₹136.19 Cr (FY 2025) | -15.0% | Shamli, Uttar Pradesh, India | |||
| Permali Wallace Private Limited | ₹134.25 Cr (FY 2025) | 29.0% | Bhopal, Madhya Pradesh, India | |||
| Smartpanel India Private Limitedthis company | ₹123.25 Cr (FY 2025) | ₹56.13 Lakh | 0.5% | 13.0% | 25 | Sangli, Maharashtra, India |
| Loghorn Industries Private Limited | ₹121.73 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Jai Gopal International Impex Private Limited | ₹118.95 Cr (FY 2025) | -2.0% | Bahadurgarh, Haryana, India | |||
| Vrudhi Enterprise Global Private Limited | ₹115.54 Cr (FY 2025) | 2.0% | Gandhidham, Gujarat, India | |||
| Realply Industries Private Limited | ₹113.58 Cr (FY 2025) | 1.0% | New Delhi, Delhi, India | |||
| Krifour Industries Private Limited | ₹112.55 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Smartpanel India Private Limited, buy the company report.
Auditor
Smartpanel India Private Limited is audited by VINOD R PATIL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINOD R PATIL & ASSOCIATES | FY 2023 | 130479W |
Shareholding
The shareholding of Smartpanel India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Smartpanel India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.87 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Jul 2023 | 100759552 | Others | ₹3.97 Cr | Open | |
| 11 Nov 2019 | 100306593 | Others | ₹23.9 Cr | Open |
To see the full charge records of Smartpanel India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Smartpanel India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Smartpanel India Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 4 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Match Graphics Private Limited | |||
| Kaizen Engineers |
To see the full MSME payment records of Smartpanel India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Smartpanel India Private Limited has a workforce of 25 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
25
Active EPFO establishments
1
GST
Smartpanel India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABACS8983N1ZF | Maharashtra | Active | 12 Apr 2019 |
To see the full GST registrations and return filing status of Smartpanel India Private Limited, buy the company report.
Recent activity
Smartpanel India Private Limited has 6 board changes on record since 2018: 4 appointments and 2 cessations. The latest: Narsibhai Parbat Patel ceased to be Director on 01 Apr 2025.
AGM
Smartpanel India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Narsibhai Parbat Patel ceased to be Director.
Filing
Smartpanel India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others of Rs. 23.90 Cr registered on 11 Nov 2019 with Charge ID 100306593 was modified on 29 Feb 2024.
Charges
A charge with Others amounted to Rs. 3.97 Cr with Charge ID 100759552 was registered on 25 Jul 2023.
Ceased
Vishwas Kamalakar Dabhole ceased to be Director.
Charges
A charge with Others amounted to Rs. 23.90 Cr with Charge ID 100306593 was registered on 11 Nov 2019.
Appointed
Ashok Narsibhai Patel was appointed as Director.
Appointed
Narsibhai Parbat Patel was appointed as Director.
Appointed
Bharatkumar Narsibhai Patel was appointed as Director.
Appointed
Bhaveshkumar Narshibhai Patel was appointed as Director.
Incorporation
20 Sep 2018
Smartpanel India Private Limited was registered on 20 Sep 2018 with Roc Pune & aged 8 years 1 month as per MCA records.
Frequently asked questions
Smartpanel India is an active private limited company based in Sangli, Maharashtra, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 20 September 2018 (8+ years old) and is registered under CIN U20299PN2018PTC178953.
Smartpanel India has 3 current directors:
- Ashok Narsibhai Patel - Director
- Bhaveshkumar Narshibhai Patel - Director
- Bharatkumar Narsibhai Patel - Director
The latest financial statements of Smartpanel India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Smartpanel India is 27ABACS8983N1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Smartpanel India is U20299PN2018PTC178953. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartpanel India was incorporated on 20 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Smartpanel India by revenue are Amar Splints Private Limited, Permali Wallace Private Limited, Loghorn Industries Private Limited, Jai Gopal International Impex Private Limited, Vrudhi Enterprise Global Private Limited and 2 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Narsibhai Parbat Patel ceased to be Director on 01 Apr 2025. Vishwas Kamalakar Dabhole ceased to be Director on 31 Jul 2020. Ashok Narsibhai Patel was appointed as Director on 13 Apr 2019. Smartpanel India has 6 board changes on record in total.
Yes, Smartpanel India is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-29-0012710).
Smartpanel India has 2 MSME Form 1 returns on record for the period ending Sep 2021, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 29 Oct 2021.
Smartpanel India can be reached through the website smartpanel.net.in. Its registered office is in Sangli, Maharashtra, India.
The registered office of Smartpanel India is at Gat No 160 161 AP Kanadwadi Miraj – Tasgaon Road Near Rex Polyextrusion Private Limited T, Al – Miraj, Sangli, Maharashtra, India – 416306.